A corporation is: A

Business Dec 25, 2020

A corporation is:

A. owned by stockholders who enjoy the privilege of limited liability.

B. easily divisible between owners.

C. a separate legal entity with perpetual life.

D. All of the above.

Expert Solution

Correct answer: Option D) All of the above.

Explanation:

A corporation is owned by th equity shareholders who have limited liability to the extent of unpaid share calls and it is easily divisible between owners and has a separate legal entity i.e it is different from its members. A corporate form of business is assumed to be a going concern.

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